As Bitcoin continues its prolonged consolidation phase, Ki Young Ju, Founder and CEO of CryptoQuant, has warned that if no Bitcoin (BTC) bull market emerges within the next two weeks, this year will mark the longest sideways movement in a halving year in the cryptocurrency’s history. His comment comes 285 days into 2024, a year […]
Cryptocurrency
Bitcoin Price Falls Under $60,000 as $150 Million in Crypto Longs Get Rekt
What happened to “Uptober” for Bitcoin? Despite being 10 days into October—a month famed by investors for rising crypto prices in the past—the price of the leading asset is struggling. Bitcoin’s price dropped below $60,000 per coin Thursday afternoon New York time, even briefly dipping below the $59,000 mark. It now stands at $59,810. The […]
Bitcoin price fell 24%+ the last time this metric turned negative — Will it happen again?
Bitcoin declined by 5.3% between Oct. 9 and Oct. 10, reaching a three-week low of $58,900. The market correction began after the United States reported higher-than-anticipated consumer inflation data, suggesting traders are concerned that the Federal Reserve has less incentive to continue cutting interest rates in the near future. The Bitcoin BTC$60,858.00 reaction reflects investor views that […]
Metaplanet Scoops Another $6.5 Million in Bitcoin, Doubling Down on Its October Spree
Metaplanet Inc., the Tokyo-listed firm known for its aggressive foray into Bitcoin (BTC), announced on Friday that it had acquired an additional 108.999 Bitcoin for ¥1 billion (US$6.5 million). Its latest purchase brings the company’s total Bitcoin holdings to 748.502 BTC, reinforcing its long-term bet on the leading crypto. Yet, Metaplanet’s Bitcoin acquisition strategy goes beyond simple spot purchases. The […]
US election outcome won’t stop Bitcoin from hitting $100K: Dan Tapiero
The United States election outcome won’t change the bullish trajectory of cryptocurrencies such as Bitcoin, which will likely tap $100,000 per coin regardless of which presidential candidate prevails, Dan Tapiero, founder of 10T Holdings, said on Oct. 10. Dan Tapiero, left, in a panel discussion at the Permissionless conference. Source: Cointelegraph “I don’t think it […]
Bitcoin following ‘perfect script’ to chart $150K all-time high this cycle — Analysis
Bitcoin’s price is consolidating below its 2021 high of $69,000, and independent trader Bob Loukas says it is entering an “explosive” period of a four-year cycle. “Bitcoin closes the 2nd year of its 4-year cycle next month, entering the 3rd and historically explosive year of the Cycle,” Loukas said in an Oct. 8 post on X. Loukas […]
BTC price retests $62K as Bitcoin preps ‘very high impact’ month end
Bitcoin diced with $62,000 support into Oct. 9 as markets awaited an onslaught of United States macro data. BTC/USD 1-hour chart. Source: TradingView Bitcoin in limbo ahead of Fed minutes Data from Cointelegraph Markets Pro and TradingView showed tightly rangebound Bitcoin BTC$60,904.40 price action offering multiple retests of the $62,000 level into the daily close. Lacking momentum up or down, BTC/USD […]
Bitcoin ETF options expected by Q1 2025: Bloomberg analyst
Options on Bitcoin BTC$60,904.09 exchange-traded funds (ETFs) are likely to launch in the United States by the first quarter of 2025, according to James Seyffart, a Bloomberg Intelligence analyst. “I think before the end of the year is possible for options, but more likely in Q1 2025,” Seyffart said during an Oct. 9 panel discussion at the […]
Grammy-Nominated Rapper Logic Invested $6M In Bitcoin Nearly 4 Years Ago: This Is How Much His Stash Would Be Worth Today
Grammy-nominated rap star Robert Bryson Hall II, known professionally as Logic, belongs to a niche list of music celebrities with significant investments in Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency. What happened: Way back in November 2020, the rapper, known for the chartbuster song “1-800-273-8255,” disclosed on Instagram that he purchased $6 million worth of […]
Bitcoin Price Up 40% YTD, but Gold Wins on Risk-Adjusted Returns
Bitcoin (BTC) has surged over 40% this year, outshining major equity indices, fixed-income securities, gold and even oil, which recently rose on the back of geopolitical tensions. However, according to data tracked by Goldman Sachs, its stellar performance in absolute terms is not sufficient to compensate for its volatility. Bitcoin’s year-to-date return to volatility ratio is under […]
